Old National Bancorp (NASDAQ:ONBPP) Sees Large Increase in Short Interest

Old National Bancorp (NASDAQ:ONBPP) was the recipient of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 4,823 shares, an increase of 148.9% from the January 29th total of 1,938 shares. Based on an average daily volume of 6,579 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 6,579 shares, the days-to-cover ratio is currently 0.7 days.

Old National Bancorp Price Performance

Shares of NASDAQ:ONBPP opened at $25.14 on Friday. Old National Bancorp has a 1-year low of $24.40 and a 1-year high of $25.65. The business has a 50-day moving average price of $25.15 and a two-hundred day moving average price of $25.16.

Old National Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Tuesday, May 5th will be issued a $0.4375 dividend. This represents a $1.75 annualized dividend and a yield of 7.0%. The ex-dividend date is Tuesday, May 5th.

Old National Bancorp Company Profile

Old National Bancorp is a bank holding company headquartered in Evansville, Indiana, operating through its primary subsidiary, Old National Bank. The company offers a comprehensive range of financial services designed to meet the needs of both individual and business clients. Its core activities include commercial and consumer banking, mortgage lending, and treasury management solutions.

In addition to traditional deposit and lending products, Old National Bancorp provides wealth management and trust services through a dedicated team of financial advisors.